Training on Procurement Risk Management
Master procurement risk management and protect your organization's interests. Learn to identify, assess, and mitigate risks to ensure supply chain resilience and business continuity.
Next intake
20 Jul 2026 · Nakuru
Duration
10 days
Live instruction
Delivery
Physical + Virtual
Cohort based
Level
Advanced
Working professionals
Certification
NITA reimbursable
For Kenyan cohorts
Language
English
All materials
About this programme
Procurement Risk Management Training Course is designed to provide procurement professionals with in-depth knowledge and practical tools to identify, assess, and mitigate risks throughout the procurement process. This course addresses both internal and external risk factors that can impact procurement efficiency and effectiveness. Participants will learn to implement risk management strategies that enhance the stability and reliability of procurement operations, while also ensuring compliance with legal, financial, and ethical standards. Real-world case studies, simulations, and hands-on activities will help participants master the concepts and techniques needed to manage procurement risks proactively.
Duration
10 Days
Who Should Attend
- Procurement Managers and Officers
- Supply Chain and Logistics Professionals
- Contract Managers
- Risk Management Officers
- Project Managers
- Procurement Consultants
- Anyone involved in the procurement function or supply chain management
What you'll walk away with
By the end of this course, participants will be able to:
- Understand the principles and framework of procurement risk management.
- Identify potential procurement risks, including operational, financial, compliance, and reputational risks.
- Conduct a comprehensive risk assessment and analysis in procurement processes.
- Develop and implement effective risk management strategies to mitigate identified risks.
- Enhance supplier evaluation and selection processes to minimize supplier-related risks.
- Create risk mitigation plans and contingency strategies for different procurement scenarios.
- Ensure compliance with procurement regulations, standards, and best practices.
- Establish effective monitoring, reporting, and communication systems for procurement risks.
- Use risk management tools and software to improve procurement risk oversight.
- Develop a risk-aware organizational culture within procurement teams.
What we cover, module by module
Module 1: Introduction to Procurement Risk Management
- Overview of Procurement Risk Management
- Key Risk Factors in the Procurement Environment
- Procurement Risk Management Frameworks and Standards
- Case Study: Examining Procurement Risk Scenarios
Module 2: Identifying and Assessing Procurement Risks
- Risk Identification Techniques
- Analyzing Risk Sources: Internal vs. External Risks
- Risk Assessment Models and Tools
- Case Study: Risk Mapping and Analysis
Module 3: Risk Management Strategies in Procurement
- Risk Mitigation Strategies for Procurement Processes
- Supplier Risk Management Techniques
- Developing Risk Response Plans
- Case Study: Developing Mitigation Strategies for Real-World Scenarios
Module 4: Legal and Compliance Risks in Procurement
- Understanding Compliance Obligations in Procurement
- Addressing Ethical and Legal Risks
- Managing Contractual Risks
- Regulatory Requirements and Compliance Standards
Module 5: Financial Risk Management in Procurement
- Managing Financial and Budgetary Risks
- Assessing Supplier Financial Stability
- Tools and Techniques for Financial Risk Analysis
- Case Study: Building Financial Risk Mitigation Plans
Module 6: Operational and Supply Chain Risks
- Identifying Operational Risks in the Supply Chain
- Managing Disruptions in the Procurement Process
- Supplier Evaluation and Performance Monitoring
- Contingency Planning for Supply Chain Disruptions
Module 7: Technology and Information Security Risks
- Cybersecurity Risks in Procurement
- Managing Risks Associated with E-Procurement Systems
- Data Privacy and Confidentiality in Procurement
- Implementing Technological Risk Mitigation Measures
Module 8: Strategic Risk Management
- Strategic Risk Identification in Procurement Planning
- Risk Management in Strategic Sourcing
- Aligning Procurement Strategy with Risk Management Goals
- Case Study: Developing a Strategic Risk Management Plan
Module 9: Procurement Risk Monitoring and Reporting
- Setting Up Risk Monitoring and Reporting Systems
- Key Risk Indicators (KRIs) for Procurement
- Using Risk Management Software and Tools
- Case Study: Implementing an Effective Risk Monitoring System
Module 10: Building a Risk-Aware Procurement Culture
- Embedding Risk Management in Organizational Culture
- Training and Developing Procurement Teams for Risk Awareness
- Continuous Improvement in Risk Management Practices
- Final Exercise: Designing a Procurement Risk Management Framework
Where the change lands
Organizational Impact
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Improves operational stability and reliability.
-
Leads to better financial protection and legal compliance.
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Enhances the organization's reputation and credibility with suppliers.
Personal Impact
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Provides a valuable and in-demand skill set for a career in supply chain management.
-
Is crucial for career progression into senior leadership and strategic roles.
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Builds the confidence to lead and champion successful risk mitigation initiatives.
Dates and locations
Upcoming intakes
Every intake is limited to a small cohort. Booking closes when a date fills or three weeks before the start, whichever comes first.
| City | Starts | Ends | Delivery | Book |
|---|---|---|---|---|
NakuruNext | 20 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Kigali | 20 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Accra | 20 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Kisumu | 27 Jul 2026 | 07 Aug 2026 | In-Person | Book |
Johannesburg | 27 Jul 2026 | 07 Aug 2026 | In-Person | Book |
Dakar | 27 Jul 2026 | 07 Aug 2026 | In-Person | Book |
- NakuruNext
20 Jul → 31 Jul·In-Person
Book this intake - Kigali
20 Jul → 31 Jul·In-Person
Book this intake - Accra
20 Jul → 31 Jul·In-Person
Book this intake - Kisumu
27 Jul → 07 Aug·In-Person
Book this intake - Johannesburg
27 Jul → 07 Aug·In-Person
Book this intake - Dakar
27 Jul → 07 Aug·In-Person
Book this intake
Common questions.
Still not sure? Send us a note and a facilitator will get back to you within a business day.
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Course finder
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For corporate teams
Training 10+ professionals?
We deliver Training on Procurement Risk Management in-house at your offices, at a venue we arrange, or fully virtual. Customise the curriculum against your KPIs, and get a bespoke price for the cohort size you need.